Here’s a summary of the Industrial Policies of India from 1948, 1956, and 1991 – all very important for competitive exams: Industrial Policy Resolution 1948 Context: First industrial policy after independence (Pre-Constitution er…
NITI Aayog – National Institution for Transforming India 🟢 Established : Date : 1st January 2015 Replaced: Planning Commission (formed in 1950) 🎯 Purpose & Objective : Act as a think tank for the Governme…
📘 Economic Models Used in Indian Five-Year Plans Five-Year Plan Year Economic Model Used Key Features / Focus 1st Plan 1951–1956 Harrod-Domar Model Focus on agriculture, irrigation, and price stability 2nd Plan 1956–1961 Ne…
ChatGPT said: 📘 Economic Planning in India – Summary Notes ✅ Definition Economic Planning : A process where a central authority (like the government) plans and controls economic activities to achieve certain goals (growth, equ…